STEVEN GERRARD has reportedly accepted a role in Liverpool’s academy set-up.

The Reds legend decided to hang up his boots last month after his contract with MLS outfit LA Galaxy ran out.

And the 36-year-old has since had to make a decision on his future career, with an eye on moving into coaching and management.

MK Dons approached Gerrard about taking over at the League One side, while AC Milan are said to have offered the iconic midfielder a lucrative contract to play on in Serie A.

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Steven Gerrard was back at Anfield to watch Liverpool's EFL Cup tie with Leeds on Tuesday

But boyhood club Liverpool have been at the heart of his plans for the future, with Gerrard having repeatedly spoken to manager Jurgen Klopp.

The German, who took over at Anfield 14 months ago, apparently advised Liverpool’s former skipper to opt for a low-key job rather than an immediate move into management or first-team position alongside Klopp.

And according to the Mirror, Gerrard has followed Klopp’s wishes and will work with the club’s academy to help bring through rising stars.

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Steven Gerrard progressed through the Liverpool academy himself on route to becoming a club legend

Kop boss Klopp is claimed to have played an important role in Gerrard’s decision-making